Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,185,000
Outlet malls
8701 Lyra Dr Columbus, OH 43240-2104
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-6212916
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2001
Total area
17,858 SF
Lot
1.9 ac (82,720 SF)
APN
318-434-01-023-002
UPID
US66-6212916
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Rangoli - The Indian Mall Clothing Store
-
IN US Cricket Sports Field & Court (Bike/Boat/Book/etc) Store
-
Amrutha Jewelry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.12M
CAP Approach
CAP
$3.17M
Comparable Approach
Comparable
$2.78M
Blend (final)
Blend
$4.19M
Owner & transaction history
Manam Properties LLC · 3 yrs held
Manam Properties LLC
since 2023
Last sale
$4.5M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.1M
+112.5%
Auto repair, garage
$2.8M
+47.8%
Apartment house (5+ units)
$2.6M
+35.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,640,000
ML approach
$4,120,000
CAP Approach
CAP Return
Estimation
6%
$3,430,000
6.5%
$3,165,000
7%
$2,940,000
Alternative Use
Use
Estimation
RESTAURANT
$4,070,000
Change: +112% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,830,000
Change: +48% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,590,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$2,550,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$4.19M
Range $3.77M – $4.60M · ±10% · vs last sale $4.50M (Jan 31 2023)
Last sale anchor
$4.50M
Jan 31 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$234 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$100,243
Tax year 2023
Assessed value
$1,461,920
Assessed 2023
Previous assessed
$843,120
+73.4% YoY
Effective rate
6.86%
On assessed value
Assessed land
$636,930
Assessed improvement
$824,990
Land market value
$1,819,800
Improvement market value
$2,357,100
Total market value
$4,176,900
Applied tax rate
45.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2001
Heating
YES
Cooling
YES
Stories
1
Total area
17,858 SF
Lot
1.9 ac (82,720 SF)
APN
318-434-01-023-002
UPID
US66-6212916
Jurisdiction
DELAWARE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.6M
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
YES
Cooling
Yes
Stories
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
Manam Properties LLC
Entity
Mailing address
8701 LYRA DR, COLUMBUS, OH 43240-2104
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2023
—
Manam Properties LLC
—
Deed
related
$5,600,000 · The Ohio Valley Bank Company
Jan 31, 2023
$4,500,000
Manam Properties LLC
Fortune 5 LLC
Limited Warranty Deed
$3,600,000 · The Ohio Valley Bank Company
Sep 14, 2011
—
Fortune 5 LLC
—
Deed Of Trust
related
$11,300,000 · Huntington National Bank
Oct 6, 2010
—
Fortune 5 LLC
—
Deed Of Trust
related
$5,935,000 · Huntington National Bank
Sep 26, 2006
$1,614,150
Fortune 5 LLC
Np
Grant Deed
—
—
—
Fortune 5 LLC
—
Deed Of Trust
related
$10,050,000 · Huntington National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8701 Lyra Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
